2019-11-12 S&O Agenda - Item 11 - Attachment 1 - Draft Noosa Council 2018-19 Annual Report

                                                                                                 Financial Statements 2019



Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2019

Note 20. Commitments for Expenditure
                                                                                                   2019              2018
                                                                                    Notes          $'000             $'000


(a) Capital Contractual Commitments

Capital expenditure committed for at the reporting date but not recognised in the financial statements as liabilities:

Property, Plant and Equipment
Roads, Bridges and Stormwater                                                                       130           11,089
Pathways                                                                                             25            9,846
Other                                                                                               915            2,518
Total Commitments                                                                                 1,070          23,453

These expenditures are payable as follows:
Within the next year                                                                              1,070           16,888
Later than one year and not later than 5 years                                                        -            5,094
Later than 5 years                                                                                    -            1,471
Total Payable                                                                                     1,070          23,453


(b) Operating Leases (Non Cancellable)

Minimum lease payments in relation to non-cancellable operating leases are as follows:

Within one year                                                                                     237               134
One to five years                                                                                   683               492
Later than five years                                                                                17                 -
                                                                                                    937              626

IT equipment lease payments are generally fixed, but with inflation clauses on which future rentals are determined.


(c) Operational Contractual Commitments

Contractual commitments at end of financial year but not recognised in the financial statements are as follows:

Within one year                                                                                  14,260           19,747
One to five years                                                                                38,909           47,491
Later than five years                                                                             3,158           19,356
                                                                                                56,327           86,594




                                                                                                                  page 85